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Cable Update (GBPUSD)

  • #191,201
  • Jan 7, 2010 4:24am Jan 7, 2010 4:24am
Close below support at 5950 and an inside bar on the hourly. Wow.
Gone to a better place
  • #191,202
  • Jan 7, 2010 4:24am Jan 7, 2010 4:24am
Japan's new finance minister Kan at his first day office said it would be nice for Yen to weaken a bit..

yesterday I loss 150pips from shorting GBP/JPY..

I am waiting to take revenge on GBP/JPY
Patience + Discipline =
  • #191,203
  • Jan 7, 2010 4:26am Jan 7, 2010 4:26am
Quoting skiffx
Heh well I closed my short so Im watching the new as well (also not ballsy enough today to take a long pos atm)
well its bounced twice of the mid point between s1 and s2 , if it takes these out there is a weekly low 1.5810, same area as s3 but its cable so anything is possible lol
  • #191,204
  • Jan 7, 2010 4:29am Jan 7, 2010 4:29am
at least until it breaks theTrendlines....
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.gif Size: 14 KB
  • #191,205
  • Jan 7, 2010 4:31am Jan 7, 2010 4:31am
Nice to see this move overnight to the downside as I expected. Only wish I was in the London time area when most of the moves take place. You guys in the London to east have it made for time. 3:00 am for me is not a good time to get up & try to trade.
Well despite all the calls of the 4 hour chart being done to the downside yesterday it seems cable does not listen. She is a wild lady to ride.
It has now hit my minimum target to the downside posted yesterday and wave pattern may be called complete "BUT" it can extend.
Perhaps ForexLion can call another bottom here with his NN on the 4 hour?

Hope everyone caught the move south.
  • #191,206
  • Jan 7, 2010 4:33am Jan 7, 2010 4:33am
If this current 1hr low breaks to the downside, and the area in blue is tested, I dare say there might be some buyers there, being an obvious near-term previous swing lo zone on 1hr and 4hr and a minor prev swing lo zone on daily t/f...Can't see much by way of main potential support factors between the current 1hr low and that zone, although there are some calculated pivots, Weekly S1, Daily S2 etc...-minor potential supp/res factors. There is also an ascending daily trend line running through the zone joining lows of 13th/10 with 30th/12 last year.

G/L

http://i45.tinypic.com/11uvss9.jpg
ex member
  • #191,207
  • Jan 7, 2010 4:36am Jan 7, 2010 4:36am
Quoting kill56
whats up bro

long but not for long UK mints is coming up
LoL, .
I build my theory about this market.
I'm playing Monthy,Weekly,Daily pivot pints.

The S2 for current month is @1.5907
The S1 for current week is @1.5913
The S1 for today is @1.5948 and S2 @1.5878.

now the price is setting on 61.8% fibo fan from 1.35 to 1.7041.
We are in a ranging market since 26-5-2009 and we didn't break this range. and in my view we are at the bottom of the range.

Maybe I'm wrong. but I'm playing the Probabilities.
Time will tell and by time we learn.

have a good day bro.
  • #191,208
  • Jan 7, 2010 4:39am Jan 7, 2010 4:39am
:nerd:1.5928 !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #191,209
  • Jan 7, 2010 4:39am Jan 7, 2010 4:39am
Quoting bbmac
[font=Arial][size=2]If this current 1hr low breaks to the downside, and the area in blue is tested, I dare say there might be some buyers there, being an obvious near-term previous swing lo zone on 1hr and 4hr and a minor prev swing lo zone on daily t/f...Can't see much by way of main potential support factors between the current 1hr low and that zone, although there are some calculated pivots, Weekly S1, Daily S2 etc...-minor potential supp/res factors. There is also an ascending daily trend line running through the zone joining lows of...
I have a quaterly pivot at 1.5841, other than tht as you say not much but news inbetween ought to be fun lol
  • #191,210
  • Jan 7, 2010 4:40am Jan 7, 2010 4:40am
Quoting bbmac
If this current 1hr low breaks to the downside, and the area in blue is tested, I dare say there might be some buyers there, being an obvious near-term previous swing lo zone on 1hr and 4hr and a minor prev swing lo zone on daily t/f...

Makes sense to me. Thanks for that bbmac.
Gone to a better place
  • #191,211
  • Jan 7, 2010 4:42am Jan 7, 2010 4:42am
Quoting Baby-Trader
LoL, .
I build my theory about this market.
I'm playing Monthy,Weekly,Daily pivot pints.

The S2 for current month is @1.5907
The S1 for current week is @1.5913
The S1 for today is @1.5948 and S2 @1.5878.

now the price is setting on 61.8% fibo fan from 1.35 to 1.7041.
We are in a ranging market since 26-5-2009 and we didn't break this range. and in my view we are at the bottom of the range.

Maybe I'm wrong. but I'm playing the Probabilities.
Time will tell and by time we learn.

have a good day bro.
enjoy it bro

look at this chart tell me what u think
Attached Image (click to enlarge)
Click to Enlarge Name: h1cable.gif Size: 17 KB
  • #191,212
  • Jan 7, 2010 4:46am Jan 7, 2010 4:46am
Quoting kill56
enjoy it bro

look at this chart tell me what u think
According to H1 ----- Down.
But I don't play H1
  • #191,213
  • Jan 7, 2010 4:52am Jan 7, 2010 4:52am
nice down pressure..

if pass 5913, next target will be 5878..
Patience + Discipline =
  • #191,214
  • Jan 7, 2010 5:02am Jan 7, 2010 5:02am
The daily t/f downtrend remains intact with 4 x LH and 3 x LL now, a break below 5830 would be a 4th LL....
http://i50.tinypic.com/x1avkx.jpg

The zone shaded as blue is a previous near-term obvious swing lo=previous support (imbalance of demand/supply) = potential support zone on both the daily and Weekly t/f's, and of course the 38.2% of the main 3505-7044 (2009 lo-hi) resides at the bottom of that zone, that runs 5775-07
http://i49.tinypic.com/2cyjyj6.jpg

G/L
ex member
  • #191,215
  • Jan 7, 2010 5:05am Jan 7, 2010 5:05am
Quoting Jemmy
nice down pressure..

if pass 5913, next target will be 5878..
5910
  • #191,216
  • Jan 7, 2010 5:07am Jan 7, 2010 5:07am
Congratulations on your 1000th post bbmac and I took the trouble to look at one or two of your previous posts. Good analysis. Often lost in a sea of debris...
Gone to a better place
  • #191,217
  • Jan 7, 2010 5:09am Jan 7, 2010 5:09am
I wonder if there is a point to enter market now or watch the news in an hour to see what happens...
  • #191,218
  • Jan 7, 2010 5:14am Jan 7, 2010 5:14am
Appears if the 5907 low can hold for a bit we may see a 5958 retrace in here. I see an irregular 3-3-5 flat building on the 15 min chart. I have 5905 as S2 today. 15 min hammer low being tested with pros looking for further supply. If no further supply and low holds we shud move north in a retrace.
  • #191,219
  • Jan 7, 2010 5:15am Jan 7, 2010 5:15am
Quoting malcolmb14
Hold on ... you said close +64...

Your Probability of making Pips is not Bad at least with Some reason, VSA . volume spead Analysis what every you say but I like the 40pips SL Case it is great if you put Stop loss on 40pips. Basically I am a momentum Trader and My SL never Less on 100 pips on any pair just a round UP case when the pair need some Do Against me, But That should people do Understand .. THAT LONG TERM TRADER WIN .. Probability The Ratio of winning Just Increase . If you do FOREX , CFD or exotic Pair My Favorite. I think The Yakie do good Trade but he never shown which Chart basic or Why ?, But he do great indeed but he should at least show some bit Reason why it is going down and UP …. Any how I am not a Often guy to Post every Body post ..

Bye
DRAGON-TECHNICAL ANALYSIS!
  • #191,220
  • Jan 7, 2010 5:21am Jan 7, 2010 5:21am
Quoting smikester
Congratulations on your 1000th post bbmac and I took the trouble to look at one or two of your previous posts. Good analysis. Often lost in a sea of debris...
hi Smikester does if he have 1000post so He get $1k From forexfactor!!!

if not indeed that is not a congratulating for

My good Man
DRAGON-TECHNICAL ANALYSIS!
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